Collateral Operations Specialist: Margin & Reconciliation

U.S. Bank; Saint Paul (MN); On-site; USD 76,000 - 89,000; Full time

Benefits offered by this job

Healthcare

Paid vacation

401(k)

Job summary

U.S. Bank is seeking a Collateral Management Operations Associate to support daily margin and collateral processes for the broker-dealer.

The role emphasizes hands-on operations, accuracy in time-sensitive tasks, and building a new collateral management capability as the business grows. The position requires an associate degree or equivalent experience, with at least three years in securities operations or related capital markets functions.

Qualifications

• Associate’s degree or equivalent work experience.
• At least 3 years experience in securities operations, collateral/margin operations, settlements, middle office, or a related capital markets function.
• Strong written and verbal communication skills and ability to work effectively across Operations, Front Office, Risk, Treasury/Funding, and Technology.

Responsibilities

• Process daily margin calls and collateral movements in accordance with governing agreements, procedures, cutoffs, and internal controls.
• Monitor collateral positions, eligibility, substitutions, settlements, and exceptions across assigned counterparties and products.
• Perform daily reconciliations and investigate differences between internal systems, counterparties, custodians, clearing banks, and other relevant records.
• Research margin disputes and breaks, maintain clear supporting documentation, and elevate unresolved or material issues promptly.
• Monitor collateral settlement status and work with Settlements, counterparties, custodians, and clearing banks to resolve fails and discrepancies.
• Validate transaction and static data inputs used in the collateral process and elevate potential data-quality issues.
• Maintain complete audit trails, checklists, evidence, and procedure adherence for assigned activities.
• Support management reporting and metrics, including call volumes, disputes, aging, fails, exceptions, and control results.
• Participate in UAT, process design, automation, platform implementation, and new-business readiness activities.
• Cross-train across team responsibilities and provide coverage during peak volumes, absences, and business launches.
• Identify recurring issues and propose practical process or control improvements.

Skills

Attention to detail

Analytical ability

Excel

Data analysis

Communication skills

Cross-functional collaboration

Collateral management

Securities operations

Margin calls

Repo operations

Workflow automation tools

Education

Associate degree

Tools

Workflow automation tools

Job description

U.S. Bank is seeking a Collateral Management Operations Associate to support daily margin and collateral processes for the broker-dealer.

The role emphasizes hands-on operations, accuracy in time-sensitive tasks, and building a new collateral management capability as the business grows. The position requires an associate degree or equivalent experience, with at least three years in securities operations or related capital markets functions.